“It’s not really a good idea to tell everybody everything that you know. So who do you tell? Whoever you need to; and no more. There’s always a golden mean between telling nobody and telling everybody-and that’s a company.” ~ Zero To One by Peter Thiel This is like a thin line – no one… Continue reading What if people steal my idea?
You get a brilliant idea to build that app! As you think more about it, the more you are convinced that this is going to be a game changer. What do you do next? You bounce this idea with some people around you to check their reaction. They could be your friends or colleagues or… Continue reading What do I do when people around me doubt my business idea?
According to Marc Andreessen, who originally coined ‘Product/Market Fit’ in his post “The Only Thing That Matters”: Product/market fit means being in a good market with a product that can satisfy that market. This is a rather vague definition, and Andreesen gives us a more vivid illustration of what Product/market fit really feels like. You… Continue reading What is the difference between product-market fit and idea validation?
Ye! It’s an awesome feeling when we get our first customer to sign up. It’s really a motivator to slog out to get more. But, when you are a new startup project, you are still trying to discover what kind of target audience and pain point does your product resonate and creates a significant value. … Continue reading If you get one paying customer does it mean your idea is validated?
I get so many questions on Quora and I’m truly flattered that so many of aspiring entrepreneurs ask my opinion and ask for my help. I’ve always been very happy to offer my thoughts on all aspects of starting up and how to go about how pain point is the starting point of a new… Continue reading Find a pain worth your time
When building something, we need to balance between what we feel strongly about and getting users to validate it. How do we balance our act? We do it with strong opinions, held weekly. Bob Sutton describes the origin and power of this phrase “Strong opinions, weakly held” in more detail: ”Perhaps the best description I’ve… Continue reading Strong opinions, weakly held
When a new wannabe founder is excitedly sharing his new business idea and how it is going to revolutionise the world, all goes well right through when he is talking about the problems his startup aims to solve. Technology, product, target audience, and growth plans. Then I hit the wall when he is asked a… Continue reading Why do you want to give shit about value proposition at an idea stage?